Core Points - The Vilnius City Municipality has issued a construction permit for the transport infrastructure improvement project near the Akropolis Vingis multifunctional complex [1][3] - The CEO of Akropolis Group stated that this is the last document needed for the development of the Akropolis Vingis complex, and they are updating the project budget and evaluating financing options [2] - The infrastructure improvement project aims to enhance traffic throughput capacity and safety at the intersection of Gerosios Vilties and Geležinio Vilko streets [4][5] Infrastructure Improvements - The project includes the construction of a roundabout, an underground car entrance, and a modern underground pedestrian and cyclist crossing [4] - After implementation, the intersection will facilitate continuous traffic flow, benefiting pedestrians, cyclists, and drivers [5] - Three additional traffic infrastructure improvement projects have been prepared, involving streets adjacent to Akropolis Vingis, developed in cooperation with the Vilnius City Municipality [6] Project Timeline - Design proposals for two of the traffic improvement projects were presented to the public in January 2023, with municipal approval in spring 2023 [7] - Construction permits for the Eigulių street project were issued in November 2024, while permits for Gerosios Vilties and Geležinio Vilko streets are expected in May 2025 [7] Ongoing Developments - Some infrastructure improvements are already underway, including the construction of a section of Eigulių street, which will provide access to the adjacent reVINGIS quarter [8] - All public infrastructure work is funded by the Akropolis Vingis project developer, with operational permits for the multifunctional complex contingent on the completion of these improvements [9] Multifunctional Complex Features - The Akropolis Vingis complex will include shopping, service, and recreational areas, a concert hall, a food hall, a conference center, a multiplex cinema, offices, and long-term residential apartments [10] - The complex will also feature approximately 4,500 parking spaces and prioritize pedestrian and cyclist traffic with new paths and recreational areas [11]
A document permitting construction issued for the transport infrastructure improvement project at Gerosios Vilties and Geležinio Vilko streets, nearby the future multifunctional complex Akropolis Vingis in Vilnius
GlobeNewswire·2025-05-22 08:38